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Precision X-Ray, Inc. Announces Promotion to Chief Financial Officer

August 21, 2019

Precision X-Ray, Inc (“Precision”) is delighted to announce the appointment of Michael Aiello, Vice President of Finance, as its Chief Financial Officer (CFO) effective immediately. Michael will report to the newly appointed Chief Executive Officer of Precision, Viktoriya Baytser.

Michael is a Certified Public Accountant with over 18 years of experience, having spent most of his career as an operationally oriented financial executive. Having worked for several life-science companies, he brings diverse financial management experience in executing financial plans with consistent success in improving performance and company value. He has a history of starting, growing and improving profitability in small and medium-sized companies while positioning them for the next level of growth or potential exit. Michael began his career in public accounting with KPMG followed by financial leadership roles, most notably as a Corporate Controller for a medical device start-up where he helped to lead a $265 million acquisition after an initial public offering. Prior to that, Michael served in several financial leadership roles working for both private and publicly traded companies where he honed his skillset as a financial leader. He earned his degree in Accounting from Quinnipiac University, Hamden, Connecticut.

“A respected key member of the leadership team since joining Precision in October 2018, Michael brings extensive financial, operational and strategic vision to Precision. This, combined with his experience in scaling high-growth companies will prove to be an asset to Precision as we enter our next phase, and I look forward to Michael’s leadership as we tackle our strategic goals.” says Viktoriya Baytser, CEO of Precision.

Over the past year, the Precision team, led by President Bill McLaughlin, has consolidated its lines of business in North Branford, CT, and is now on track to grow over 30% year-on-year. Viktoriya, Bill and Michael and the entire Precision team are excited to drive the business forward to achieve our new 5-Year Plan and 10-Year vision. Significant investment will achieve this plan both in hiring highly motivated and bright talent as well as the planned greenfield development of a world-class R&D and manufacturing facility in Connecticut by end of 2021.

About Precision X-Ray, Inc.

Advancing Research through Innovation in X-Ray

“Our mission is to continually develop X-ray systems that help researchers globally to better understand radiation-induced effects in the sciences of molecular biology and cancer research, and across industrial and agricultural applications.”

Headquartered in North Branford, Connecticut, Precision X-Ray is the largest dedicated biological cabinet X-Ray company, providing safe, reliable, repeatable, high dose rate X-ray irradiators, for modern transitional research. We work closely with leading research institutions worldwide to understand their application needs; and lead technological change in radiation research with a complete range of X-ray Irradiation Systems for a wide range of applications including preclinical, pharmaceutical, scientific and industrial.

Our X-ray irradiators are a simpler, safer and more cost-effective alternative to gamma radioisotope irradiators, with a full line of options and accessories for customization to your specific application requirements.

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